Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Nanollose Ltd. ( (AU:NC6) ) has provided an announcement.
Nanollose Ltd has announced the production of an upgraded batch of microbial cellulose, which will be used in the next phase of pilot production for its Nullarbor™ fibres in collaboration with Birla Cellulose. This development follows improvements in the supply chain with Hainan Guangyu Biological, resulting in microbial cellulose that is immediately usable in the lyocell process without further pre-processing. The company is focused on commercial analysis and scaling production to commercial volumes, with ongoing efforts to optimize manufacturing processes and reduce costs.
More about Nanollose Ltd.
Nanollose Ltd is an advanced biomaterials company that focuses on developing eco-friendly materials. The company is known for its innovative Nullarbor™ fibres, which are produced from microbial cellulose. Nanollose collaborates with partners like Birla Cellulose to transform microbial cellulose into sustainable fibres for the textiles market.
Average Trading Volume: 138,682
Technical Sentiment Signal: Buy
Current Market Cap: A$23.82M
See more data about NC6 stock on TipRanks’ Stock Analysis page.